Buchan Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC085607 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Buchan Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D I Buchan

Mr G T Buchan

REGISTERED OFFICE:

The Firs

Richmond

Peterhead

Aberdeenshire

AB42 3JW

REGISTERED NUMBER:

SC085607 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

CURRENT ASSETS

Investments

4

503,386

503,386

CREDITORS

Amounts falling due within one year

5

294,988

293,578

NET CURRENT ASSETS

208,398

209,808

TOTAL ASSETS LESS CURRENT LIABILITIES

208,398

209,808

CAPITAL AND RESERVES

Called up share capital

40,000

40,000

Retained earnings

168,398

169,808

SHAREHOLDERS' FUNDS

208,398

209,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2022 and were signed on its behalf by:

Mr G T Buchan - Director

1.	STATUTORY INFORMATION

Buchan Homes Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	CURRENT ASSET INVESTMENTS

31.12.21

31.12.20

£

£

Loan Meldrum House Estates Ltd

503,386

503,386

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade creditors

-

277

Other creditors

294,988

293,301

294,988

293,578